WeightWatchers 2004 Annual Report Download - page 20

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PART II
Item 5. Market for Registrant’s Common Stock, Related Shareholder Matters and Issuer
Purchases of Equity Securities
Weight Watchers common stock is listed on the New York Stock Exchange or the NYSE. The
common stock trades on the NYSE under the symbol ‘‘WTW.’’ Prior to our initial public offering on
November 15, 2001, there was no established public trading market for our common stock.
The following table sets forth, for the period indicated, the high and low sales prices per share for
our common stock as reported on the New York Stock Exchange consolidated tape.
Fiscal Year ended January 1, 2005
High Low
First Quarter ........................................ $43.95 $35.82
Second Quarter ...................................... $43.26 $31.83
Third Quarter ....................................... $41.95 $34.05
Fourth Quarter ...................................... $46.35 $35.04
Fiscal Year ended January 3, 2004
High Low
First Quarter ........................................ $47.29 $38.15
Second Quarter ...................................... $48.70 $40.60
Third Quarter ....................................... $46.51 $39.75
Fourth Quarter ...................................... $43.06 $35.28
Below is a summary of our stock repurchases during the quarter ended January 1, 2005:
Total Number
of Shares
Purchased Approximate Dollar
Total as Part of Value of Shares
Number of Average Publicly that May Yet be
Shares Price Paid Announced Purchased Under
Purchased(a) per Share Plan(a) the Plan
October 3 - October 30 ................. — $ — — $100,176,466
October 31 - November 27 ............... 1,096,600 38.41 1,096,600 58,059,118
November 28 - January 1 ................ 343,686 40.60 343,686 44,104,299
Total ............................. 1,440,286 $38.93 1,440,286 $ 44,104,299
(a) On October 9, 2003, our Board of Directors authorized a program to repurchase up to
$250 million of our outstanding stock. This plan currently has no expiration date.
Holders
The approximate number of holders of record of common stock as of January 31, 2005 was 140.
This number does not include beneficial owners of our securities held in the name of nominees.
Dividends
No cash dividends were declared or paid on our common stock in fiscal 2004 or 2003. We do not
anticipate paying cash dividends in the foreseeable future. In addition, our existing debt instruments
place limitations on our ability to pay dividends. Any future determination as to the payment of
dividends will be subject to such limitations, will be at the discretion of our Board of Directors and will
depend on our results of operations, financial condition, capital requirements and other factors deemed
relevant by our Board of Directors.
Equity Compensation Plans
See Item 12 for information about equity compensation plans.
12